Deyaar expands property portfolio in 2013

(MENAFN) UAE-based Deyaar Development added 2,600 new units to its portfolio last year, expanding its property and asset management arm, Arabian Business reported

The firm said that with its new contracts in Abu Dhabi, Dubai, Sharjah and Ajman, it was able to increase its portfolio of properties to more than 20,000

The company's vice president of property and asset management said: "Given this favourable environment, we are confident that our division of property management will register a definite surge in operations in 2014.

Deyaar had recently announced that its net profit last year hit USD42.1 million, soaring nearly 300 percent from USD10.5 million in 2012

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